2017 Real Estate Market Summary

See video below...

The video above and figures below are my 2017 real estate market summary by county for 1,500-1,999 sf and 2,500-2,999 sf single family residences. Note, this summary does not include all property types (condos, townhomes, halfplex, etc.) and sizes, it focuses on specific segments of the real estate market. Please keep in mind that average sold prices may vary greatly between cities/areas within each county. If you or someone you know is thinking about buying or selling a home and would like a free consultation, please feel free to contact me at 800-477-0075 x 4 (sellers) x 3 (buyers) or complete the online form below. Thanks. - Kevin Nakano

Statistics by County

Sacramento CountyAverage sold price for 1,500-1,999 sf single family residences in December 2017 was $372,000, a 10% increase over December 2016. Average sold price for 2,500-2,999 sf single family residences in December 2017 was $560,000, a 11% increase over December 2016.

Placer CountyAverage sold price for 1,500-1,999 sf single family residences in December 2017 was $424,000 a 3.9% increase over December 2016. Average sold price for 2,500-2,999 sf single family residences in December 2017 was $571,000, a 11% increase over December 2016.Yolo CountyAverage sold price for 1,500-1,999 sf single family residences in December 2017 was $489,000, a 2.3% increase over December 2016. Average sold price for 2,500-2,999 sf single family residences in December 2017 was $612,000, a 13.5% increase over December 2016.San Joaquin CountyAverage sold price for 1,500-1,999 sf single family residences in December 2017 was $360,000, a 11.5% increase over December 2016. Average sold price for 2,500-2,999 sf single family residences in December 2017 was $499,000, a 8.5% increase over December 2016.​

Disclosure: All reports are published January 2018, based on data available at the end of December 2017. All reports presented are based on data supplied by the MetroList MLS. The MetroList MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the MetroList MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

Articles:

Sacramento Bee, "Will Sacramento home prices keep rising in 2018?", click here for full article.Last year saw rising prices in Sacramento-area real estate as buyers competed for a tight supply of homes for sale. What will 2018 hold? The Sacramento Bee asked three experts in different fields of real estate to help predict market conditions in the coming year. Sacramento Bee, "Will Sacramento avoid another housing boom and bust?", click here for full article.Housing booms and busts tend to arrive like summer and winter in Sacramento. The 1970s, ’80s, ’90s and 2000s each saw predictable up-and-down cycles in home construction. The 2010s may be different. Nearly 10 years after the massive collapse of the housing market, a surge in homebuilding has yet to materialize, and experts aren’t sure it will. They point to another possibility that has eluded Sacramento for 40 years: slow, steady growth. ​